More economists are convinced the Federal Reserve won't take further action to spur growth this year as the economy appears to be on firmer footing. Phil Izzo reports on The News Hub. Photo: Reuters

This transcript has been automatically generated and may not be 100% accurate.

... the the ... exclusive last week tells me that your your ball will get ... you sent me a lot of economists won the one day about a little more than fifty economists watch ... the can to try to get to use on you know what's going on in the economy as a whole jobs market housing market ... and especially the fat ... do so ... aam ... we ask them you know what ... will the Fed ... engage in other big on online poker has been ... all this talk about QE three will they won't day ... and it seems that every game there's a little bit of back and forth ... and pecan is the ... best majority of thirty six out of the fifth you answer the question ... said that ... the Fed is it is not up ... to twenty one large scale economies basement growing enough that the Fed doesn't have to jump in and you feel more ... extraordinary actions ... of the pretty much stay where they are keen to keep rates low but not do anymore ... well now it seems as though the fence or likes to perpetuate his ... you know it's knit ongoing least the appearance of a needle on hold ... the only one full wrap ... up on that ... somewhere down the line to keep the animal spirits going ... on key to risk appetite ... all I do you think that ... this represents a signature term ... by any outlook innings is going to resonate with ... investors I think that that the issue is that ... we're sort of war still wondering if this economy if this recovery ... has legs and a strong enough and a self sustaining it is a point where we can have grown for the next couple of years ... really ... you know it keeps going without the government of ... without the Fed's up ... and ... you know what the eye saying is that with me they feel like we're at that point but you know what the truth is that then burning key and some other ... numbers the appellant's they ... are quite positive that were there that they keep warning me know ... that you know things are going great and if we can only go what about doing more but they wanna leave the option on the table because we've seen this story before where things look like they're going ok ... where you know going through the first of the year the economy strong we expect the economy is growing and then some ... you know some shot it's ... in the second half of the ear and things start to peel falter a bit on the bed once again I was surprised by signs that time as it was in in your story about the summits as economists see the unemployment rate falling to seven point nine percent by December up from ... eight point two percent aam ... there is a participation rate is considerably lower ... on ... my expectation would be that if he so that the sole chokes growth of the level that would get us back ... to that seven point nine you would also get much more participation in labor force with sort of let up ... on that that's when from a surprise by that when you surprise well I wasn't terribly for I think ... you get a job growth there expecting if we get that they expect will then about a hundred and ninety thousand jobs a month for the next twelve months ... that's a good amount as awesome as more people than keeping up with ... with a population growth the thing is that was a charade is a major issue and actually for a hundred ninety thousand jobs a month over the next ... three months we would expect the ... rate to fall even more than ... three tenths of a percentage point ... except for the fact the participation rate is still well so ... it's actually keeping the yuan one reads them or not is lower than it has now but we had jobs growth and a display screen wasn't as much an issue we've seen even lower on point because we're talking about if you're talking about pepper to sufficiently ... the reality and son and poignant in some place in the low to the teens on a percentage basis ... not the point two percent in its reply to it ... we are counting as a boy you're counting as part of the labor force to um it's it's all about the and the problem is we have so many long-term unemployed is that it got better become discouraged and drop the police force in an accountant at eight point two percent rate when they start coming back in if they are a few in the region and it's a comeback in that great either flat so or you could even rise as